MSME in GST's focus: What's in store the coming months?

With a contribution of as high as 45 per cent towards the country’s GDP, Micro, Small and Medium Enterprises (MSMEs) have a vital role to play in the Indian economy. The sector has faced many challenges both regarding the economies of scale, the lack of high-end technology and other benefits enjoyed by its larger counterparts. Earlier, at the 28th  GST Council meeting, it was pointed out that…